November 4, 2006 |
With no major catastrophes in this year's third quarter, Berkshire Hathaway Inc. reported net income that was nearly five times as high as last year's third quarter when hurricanes Katrina, Rita and Wilma struck. The Omaha-based company said it earned $2.8 billion, or $1,797 a share, for the quarter that ended Sept. 30, compared with $586 million, or $381, a year earlier.
June 2, 1998 |
Berkshire Hathaway Inc. said it isn't considering investing in telephone companies to be sold in July in the breakup of Telebras, contrary to statements by a Brazilian money manager. Opportunity Capital, one of Brazil's biggest money managers, said last week it has approached Warren Buffett, Berkshire's chairman, about a joint bid. "This is absolutely false," said Marc Hamburg, Berkshire's treasurer. "He's never met or spoken with anybody."
November 6, 2004 |
Berkshire Hathaway Inc., the conglomerate run by billionaire investor Warren E. Buffett, posted a 37% drop in profit as its insurance operations paid out large claims from the hurricanes that hit Florida. Despite the losses, Buffett said that Berkshire's insurance operations, which include car insurer Geico and the No. 1 U.S. reinsurer General Re, were performing well and that the company had $38 billion in cash and equivalents on hand. Berkshire reported third-quarter profit of $1.
August 11, 2001 |
Berkshire Hathaway Inc., the company controlled by billionaire investor Warren Buffett, said second-quarter profit rose 44% to $353 million, or $231 a share, buoyed by gains from non-insurance operations such as Benjamin Moore Paints and its Geico Corp. car insurance unit. The results were below an analyst's estimate of $290 a share, according to Thomson Financial/ First Call.
March 31, 2005
Billionaire investor Warren Buffett said Wednesday that a shareholder vote on proposals to clarify the voting and economic rights of holders of Berkshire Hathaway Class B shares in the event of a merger is a "tidying up" and does not presage any major moves by the company. "The company's not going to be sold, but who knows what happens 100 years from now," said Buffett, 74. "But it's not going to be sold, there's absolutely no chance of that, while I'm alive."
April 20, 1996 |
Berkshire Hathaway More Than Doubles Stock Sale: The Omaha-based holding company plans to sell 250,000 shares, up from an initial projection of 100,000, according to documents filed with the Securities and Exchange Commission. The increase suggests strong demand for the opportunity to invest alongside billionaire Warren Buffett. Buffett, Berkshire Hathaway Inc.'s chairman, has warned he wouldn't advise family or friends to buy Berkshire common stock at its current price of $33,200 a share.